The German’s remarks ticked so many of the boxes Bradford City fans wanted ticking that they presented even the most pessimistic person a problem finding something to be unhappy about. Rahic respects the club’s traditions, is looking forward to working with Phil Parkinson, and wants to bring success a measured way.

Rahic said that he and Stefan Rupp had looked at four or five clubs and settled on City because of a alignment of aims. This could be the start of a beautiful friendship.

Could be.

While everyone hopes Rahic and Rupp will be everything they say they will be the fact is that the Football League has welcomed these new owners with only a tick on a Fit and Proper Test which many have serious reservations over and very little else.

What have Rahic and Rupp had to do to prove they should own a big community assets in one of England’s top ten cities? What did Massimo Cellino have to do to show he should own Leeds United? What did Ken Bates have to prove? Very little.

And this is not a comparison between Rahic and Rupp and those two brigands just a realisation of the lack of protection afforded supporters as they watched the process of the club being sold. A recognition that the level of regulation in English football around clubs is so scant as to be virtually non-existent.

The Football League has made some movement in the past decade to regulating the owners of clubs – a response perhaps to the “never again” moment of Milton Keynes – but still it is an under-regulated body with members who like to keep regulation loose.

Even though many clubs struggle, many are run by directors who are using the under-regulated environment to take a few chances with their club’s futures.

City will face Bolton Wanderers – recently of the Premier League – in League One next season. League One is littered with clubs – clubs like Bolton Wanderers, Charlton Athletic, and for that matter City – who have gambled and lost.

Bolton Wanderers were £172.9m in debt at the end of 2015 having fallen from the Premier League and seemingly had no method of dealing with the decline. I cannot say why no one at Bolton arrested this financial situation sooner but I feel sure that it is uncontroversial to say that there is something wrong with a system where a club can spend that much money unchecked.

When the likes of Burton Albion – the new Crewe if you will – reach the second tier of English football seemingly just by being persistently sensible in a sea of insanity you might wonder if Rahic and Rupp wanted an English club because all you need to get on is an ounce of good business planning.

Burton Albion, AFC Bournemouth, even Leicester City all have some money behind them but they are mostly characterised by sensible management. Contrast that with Newcastle United, Aston Villa, Leeds United, Bolton Wanderers, Charlton and on and on.

Nevertheless there is little appetite in football for any type of regulation which might stand in the way of clubs being run exactly how clubs wish to be run.

The hope for supporters is that it is run like a Burton and not like a Bolton.

BfB

In 2018 BfB is almost exclusively written by Michael Wood. There is a Twitter feed at @boyfrombrazil but it is not often used for conversation. You can tweet me about football at @edinhoinho but there is a high chance that I might read your tweet and not be that bothered about replying, or not read it at all.

There was a Facebook page at www.facebook.com/boyfrombrazil but it might be gone by now. There is a tendency to stay out of discussion about the articles but if you have a question or a query the best way to get it addressed is to send a mail to mail@boyfrombrazil.co.uk.